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Microsoft Renovates Office Suite as a Web Service

To most of the computer-using world, Microsoft (Nasdaq: MSFT) Office is the familiar workhorse of the desktop, a collection of software for creating documents, spreadsheets and presentations. But for Microsoft, which is starting to see its growth slow, reinventing that suite of old reliables including Word, Excel and PowerPoint has become nothing less than a key to its future.

"Office defines business productivity," Bill Gates, Microsoft's chairman, told financial analysts in July. "The productivity area is probably the most important franchise that we have." With that focus, Microsoft is now pursuing a strategy to transform Office from a bundle of programs on personal computers into a family of software that can put Microsoft's technology deeper into the operations of corporate data centers. (more)

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